New Jersey’s Plan Should Be Approved By Month’s End
On September 14, 2022, the Department of Transportation approved plans for 33 states, as well as Washington, D.C. and Puerto Rico, to start spending hundreds of millions of dollars in funding for electric vehicle (EV) infrastructure. The funds are aimed at helping build 500,000 supercharger stations along highways across the country.
President Joe Biden announced the first $900 of EV charger funding at the Detroit Auto Show, with another $4.1 billion expected to be released over the next four years. A total of $5 billion in funding over five years, was part of the infrastructure law passed last year.
While the funding was approved with the passage of the legislation, states were unable to access the money until they submitted a plan on how they would utilize their portion of the funds and that spending plan was approved by DOT’s Federal Highway Administration and the Energy Department.
There are still 17 state plans that remain to be reviewed, including New Jersey’s, but they are expected to be approved by the end of the month.